8, SCHOOL LANE, HILL RIDWARE, RUGELEY, WS15 3QN - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 SCHOOL LANE is a large extended detached house of 145m², built sometime between 1996 and 2002. It was last sold for £330,000 in March 2020, which was around 16% below the average March 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

8 SCHOOL LANE Sold Prices

Land registry data shows five sales for 8 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the five 8 SCHOOL LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 2 MAR	£330,000	£392,329	16% below HPI
2019 19 DEC	£365,000	£375,361	3% below HPI
2015 25 SEP	£280,000	£327,791	15% below HPI
2010 2 JUL	£235,000	£277,952	15% below HPI
2004 2 JUL	£110,000	£246,466	55% below HPI

8 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The five 8 SCHOOL LANE sales between July 2004 and March 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2019 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2020 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 SCHOOL LANE?

8 SCHOOL LANE is 145m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 40% of detached houses in Hill Ridware, based on EPC data. The below chart shows the distribution of detached houses by size in Hill Ridware, and where 8 SCHOOL LANE lies on this distribution: 65% of detached houses are smaller than 8 SCHOOL LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Hill Ridware.

8 SCHOOL LANE: Plot and Title Map

8 SCHOOL LANE sits on a plot of roughly 0.101 of an acre, or 411m². The below map shows the location of 8 SCHOOL LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 SCHOOL LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 SCHOOL LANE?

8 SCHOOL LANE is located in HILL RIDWARE, in the WS15 postcode district. The below map shows the position of No. 8 on SCHOOL LANE.